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IAB Level 1 Award in Bookkeeping

Course Code: OSC1127
Course Level: 1

Course Overview

Take the first step to becoming a qualified bookkeeper, from home!

  • Gain a full introduction to the practical elements of manual bookkeeping
  • Learn how to keep financial records
  • Become competent in all basic bookkeeping routines and activities
  • Gain a nationally recognised qualification from the International Association of Bookkeepers

All course materials will be delivered to you by post or via email, so it couldn't be easier. Our experienced and friendly tutors will help you every step of the way by email.

You can work at your own pace. Completed coursework can be delivered by post or via email, so handing in an assignment is simple.

Boost your career opportunities and equip yourself with the skills you need for your long-term success. Home learning is simple and stress-free, so enrol with us today!

Enrol now and receive a £25 gift voucher towards your next course.

Course Content

  • Unit 1: Introduction to bookkeeping


    • Basic of double entry bookkeeping
    • Bookkeeping terms
    • Source documents and their purpose
    • Basics of VAT
    • Purpose of trail balance and petty cash and bank reconciliations
  • Unit 2: Keep double entry records and prepare trial balance


    • Using the journal
    • Recording transactions in a double entry bookkeeping system
    • Preparing a trail balance
    Unit 3: prepare reconciliations


    • Reconcile the petty cash balance
    • Preparing a bank reconciliation statement

Other Information

  • Assessment

    A knowledge test and two assignments are used for the purpose of assessing learner competence in this qualification. The assessments for this course are completed online using the IABOnline testing platform and are subject to a time constraint. You will also have to complete a tutor marked assignment.

    Course Duration

    This course will take approximately 25 study hours. You can register at any time and will have a full year to complete the course from the date of enrolment, so you can work at your own pace.

  • Study Method

    This course is designed for study by distance learning at home or at work. You will receive a course pack containing all study materials, as well as support and assignment marking from a personal tutor.

    Course Outcome

    Upon successful completion of all assessments, you will achieve a Level 1 Award in Manual Bookkeeping accredited by the IAB (International Association of Bookkeepers). That means that it is a level 1 nationally recognised qualification approved by the regulatory authorities in England (Ofqual), Wales (Welsh Government) and Northern Ireland (CCEA).

    IAB stands for the International Association of Bookkeepers, which is an awarding body of qualifications and a professional association for qualified bookkeepers. IAB qualifications are developed by education professionals, members of the IAB, employers and other relevant organisations to ensure that their courses meet the highest industry-approved standards.

    RQF Number: 601/9065/6

course questions & answers

What skills or knowledge do you need to enrol onto this course?

No previous knowledge is necessary; however, it is advised that you already have some basic numeracy skills.

What is included in the cost of my course?
  • Comprehensive study guide
  • Dedicated personal tutor support
  • Dedicated student support
  • Accreditation
  • Assignment marking and feedback
  • Exclusive Open Study College Pen
  • Student study planner
  • Three colour highlighter
  • Student notebook
  • Document wallet
  • FREE NUS Extra card worth £12.00
  • FREE CV writing service
Are there any additional costs?

You will need to pay an additional fee to become registered with IAB for your chosen course and to become a student member. It is also your responsibility to pay for all IAB exams and assessment venues.

What happens if I lose my course pack?

We offer a course replacement service which ensures that, if your course pack is lost or damaged throughout the duration of your studies, we can issue you with a new set of materials for a one-time additional fee. This is available by calling our Student Support team on 03300 563100.

What do i do if i still have questions?

For further information please contact us.

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